Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.20 and traded as high as $12.78. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.76, with a volume of 33,429 shares.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.4%

The company’s 50 day moving average price is $12.51 and its 200 day moving average price is $12.21.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the third quarter worth $30,000. CoreCap Advisors LLC lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after buying an additional 2,500 shares during the period. Ameriflex Group Inc. lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock worth $102,000 after buying an additional 4,310 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $169,000. Finally, NewEdge Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at $211,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.